- Ethereum surged posting formidable gains that touched $180 (resistance congestion area).
- Ethereum is strongly supported at $160.70 and $154.80.
Ethereum continues to make headway above the support congestion zone between $155 - $160. The price recently surged posting formidable gains that touched $180 (resistance congestion area). A flash drop on Wednesday evening sent ETH/USD back to the support area at $155 - $165. However, it seems that the retracement was a necessary setback because it has allowed the bulls to increase their positions sending Ethereum above $165.